News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/TzoInyMAQR
  • Evergrande shares jump as much as 32%, with over 240 million shares traded -BBG
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/F8psKaw1dB
  • PBOC injects net 110b Yuan in open market operations -BBG
  • RT @BrendanFaganFx: Hang Seng, ASX 200 May See Relief After Fed. Evergrande Set for Restructuring? #Evergrande #HangSeng #FOMC Link: http…
  • The US Dollar seems to be back on the offensive against its major counterparts, pressuring EUR/USD and NZD/USD lower as USD/JPY consolidates. USD/CHF surges past key resistance. Get your market update from @ddubrovskyFX here:https://t.co/MrLGSp7FYa https://t.co/m42Rdv39Dx
  • Chinese estates' Evergrande loss assumes all shares sold -BBG #Evergrande
  • RT @FxWestwater: Australian Dollar Fights FOMC-Charged US Dollar After Upbeat PMI Data Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/09/22/Australian-Dollar-Fights-FOMC-Charged-US-Dollar-After-Upbeat-PMI-Data.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr $AUDUSD https://t.co…
  • Heads Up:🇯🇵 Foreign Bond Investment (18/SEP) due at 23:50 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-09-22
  • Gold prices gain as potential systemic risks out of China's Evergrande Group roil broader markets. Meanwhile, iron ore is ticking higher after a big drop on Monday as China steps up steelmaking curbs. Get your market update from @FxWestwater here:https://t.co/l4kAWDrr7M https://t.co/B041Lqtg3S
Yen Falls as Stocks Rise, Canadian Dollar Tracks Crude Oil Lower

Yen Falls as Stocks Rise, Canadian Dollar Tracks Crude Oil Lower

Ilya Spivak, Head Strategist, APAC

Talking Points:

The Japanese Yen underperformed in overnight trade, falling against all of its top counterparts. Swelling risk appetite appeared to be behind the selloff, with the anti-risk currency falling inversely of gains in S&P 500 futures and Japan’s benchmark Nikkei 225 stock index.

Meanwhile, the US Dollar continued to push higher as comments from St. Louis Fed President James Bullard appeared to reinforce a cautiously hawkish tone from Fed Chair Janet Yellen last week. Bullard said global markets appear well-prepared for a possible US rate hike, suggesting fears of triggering a panic many not hold back the resumption of stimulus withdrawal.

The Australian and New Zealand Dollars bore the brunt of the greenback’s advance as the threat of on-coming tightening exerted outsized pressure on currencies whose primary appeal is their yield-bearing properties. The Canadian Dollar declined alongside crude oil prices in a move that may reflect pre-positioning for this week’s OPEC meeting.

Looking ahead, German CPI figures headline the economic calendar in European trading hours. The headline year-on-year inflation rate is expected to rise to 0.1 percent. The report seems unlikely to generate a strong response from the Euro considering the outcome’s limited implications for near-term ECB policy trends as the central bank waits to evaluate the impact of a suite of stimulus measures unveiled earlier.

Check out the latest standings for the FXCM $10k trading contest HERE.

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

23:50

JPY

Retail Trade (YoY) (APR)

-0.8%

-1.2%

-1.0%

23:50

JPY

Retail Sales (MoM) (APR)

0.0%

-0.6%

1.5%

23:50

JPY

Dept. Store, Supermarket Sales (APR)

-0.7%

-1.2%

-1.2%

00:35

USD

Fed's Bullard Speaks in Seoul

-

-

-

01:00

AUD

HIA New Home Sales (MoM) (APR)

-4.7%

-

8.9%

01:30

AUD

Inventories SA (QoQ) (1Q)

0.4%

0.0%

0.0%

01:30

AUD

Company Operating Profit (QoQ) (1Q)

-4.7%

0.4%

-3.6%

European Session

GMT

CCY

EVENT

EXP

PREV

IMPACT

06:00

EUR

German Import Price Index (MoM) (APR)

0.4%

0.7%

Low

06:00

EUR

German Import Price Index (YoY) (APR)

-6.2%

-5.9%

Low

06:45

EUR

French GDP (QoQ) (1Q P)

0.5%

0.5%

Medium

06:45

EUR

French GDP (YoY) (1Q P)

1.3%

1.3%

Medium

07:00

CHF

KOF Leading Indicator (MAY)

102.7

102.7

Low

07:00

CHF

Total Sight Deposits (MAY 27)

-

493.6b

Low

07:00

CHF

Domestic Sight Deposits (MAY 27)

-

420.2b

Low

09:00

EUR

Eurozone Economic Confidence (MAY)

104.4

103.9

Low

09:00

EUR

Eurozone Business Climate Indicator (MAY)

0.17

0.13

Low

09:00

EUR

Eurozone Industrial Confidence (MAY)

-3.5

-3.7

Low

09:00

EUR

Eurozone Services Confidence (MAY)

11.3

11.5

Low

09:00

EUR

Eurozone Consumer Confidence (MAY F)

-7

-7

Low

12:00

EUR

German CPI (MoM) (MAY P)

0.3%

-0.4%

Medium

12:00

EUR

German CPI (YoY) (MAY P)

0.1%

-0.1%

Medium

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EUR/USD

1.0962

1.1052

1.1084

1.1142

1.1174

1.1232

1.1322

GBP/USD

1.4471

1.4555

1.4589

1.4639

1.4673

1.4723

1.4807

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES